PaceAdvantage
01-12-2017, 02:44 PM
http://www.foxbusiness.com/markets/2017/01/12/soros-lost-nearly-1-billion-in-weeks-after-trump-election.html
This is an article that appears in the WSJ but is reproduced at FNB, thus you don't have to sign into the WSJ site to read it..
Mr. Soros was cautious about the market going into November and became more bearish immediately after Mr. Trump's election, according to people close to the matter. The stance proved a mistake -- the stock market has rallied on expectations that Mr. Trump's policies will boost corporate earnings and the overall economy.
As a result, some of Mr. Soros's trading positions incurred losses approaching $1 billion, the people say. Mr. Soros adjusted his positions and exited many of his bearish bets late last year, avoiding further losses, the people added.
This is an article that appears in the WSJ but is reproduced at FNB, thus you don't have to sign into the WSJ site to read it..
Mr. Soros was cautious about the market going into November and became more bearish immediately after Mr. Trump's election, according to people close to the matter. The stance proved a mistake -- the stock market has rallied on expectations that Mr. Trump's policies will boost corporate earnings and the overall economy.
As a result, some of Mr. Soros's trading positions incurred losses approaching $1 billion, the people say. Mr. Soros adjusted his positions and exited many of his bearish bets late last year, avoiding further losses, the people added.